Questions to Ask Vendors When Evaluating Bank System Openness

Archived Published: 11 June 2015 ID: G00263428


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Open bank systems are critical for enabling agility and efficiency for the digital bank; however, the label "open" is overhyped and applied too liberally. Banking IT leaders should ask these questions and consider our recommendations to cut through the marketing jargon.

Table of Contents

  • Analysis
  • Impacts and Recommendations
    • Granular, independent components are being evaluated by banking IT leaders as a means to realize efficiency and agility goals
    • Exposing APIs to application functionality and data enables banking IT leaders to achieve reuse, create new applications and integrate with third-party workflows
    • Lack of findability, developer assistance and safeguards limit the value banking IT leaders will achieve
  • Gartner Recommended Reading
© 2015 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartners research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

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